/biz/ - Business & Finance

Wow
You really are retarded

>>24491386
I have 200% APY/Week per day. Stay poor

>>24491386
~$197

>>24491386
$1007

>>24491386
You will have 6 million, but zero proof of it

>>24491386
$196.71, but considering inflation it will be closer to $130 maybe

>>24491386

5500

>>24491552
lol thanks for that

fanks frens im using chink exchange, its very confusing to use. china man says he will give me 7% APY a week .
if i put in $100 every month for 10 yrs on top of interest gained , will i have enough not to starve to death when im 65 .

>>24491833
You will most likely get scammed and lose everything.

>>24491386
How does 90 loafs of bread sound like?

190000000 Gigadollars

that's 1.9*10^17 dollars.

>>24491386
kek try this: ((1+(7/52)*100)^10

>>24491833
use a TVM calculator. Figure that out before you start throwing cash at stuff kek

>>24491833

you only need to put in the inital 100 dollar to have unimagineable wealth in 10 years. you and everyone you ever talked to will be able to retire.
It's a scam.

>>24492049
i dont know math i put this in google calc is this correct ?
((1 + (7 ÷ 52) × 100) = $400078275510

>>24491386
100 * (1.07)^520 =1.9035505e+17

This is a scam.

>>24492303

I don't think that's correct, you get more.

>>24492348

this is correct.

>>24491386
>7% APY a week
>7% ANNUAL percentage yield per WEEK

Does OP think that locking the coins for 7 days a time means the APY is every 7 days?
Seems like it to me

>>24492417
>>24492417
china man promise this .
"7.20% Est. APY 7 days Duration"

>>24492474

you are gonna get 7.20% per year, it's still pretty good you have 200 dollars in ten years.
7.20% is approximately what you get from the stock market.

>>24492474
assuming this really means 7.2% APY paid weekly
if you put in $100 every month for 10 years, you'll get 100*(1.072^(10)-1)/(1.072^(1/12)-1)=$17282.58

>>24492474
Also how old are you? I'll calc for when you're 65

>>24492719

your math is wrong.
it's 100*(1.07^520) and that's only the initial investment.

>>24492503
doesn't seem like a good deal . dollar cost averaging seems way better.

>>24492777
First of all you're doing 7% per week, that's not APY (ANNUAL Percentage Yield). Second of all, I said putting in 100 per month, not just in the beginning.

>>24492852

yes if we're doing yearly then it's a different story.
if we're doing weekly like was initialy proposed then the money gets ridiculous incredibly fast with or without extra payments so I just neglect them to avoid overloading my calculator.

y would i bother ?
17282.58 - (12*100)*10 = 5282.580000000002

>>24492959
Okay I'm going to assume you're trolling.

1. What was initially proposed was 7% APY (a week), likely meaning ANNUAL PERCENTAGE YIELD paid weekly. Not a weekly 7%.
2.Because this was ambiguous, I specified let's assume it means 7.2% APY paid weekly, which you then came in trying to correct to a weekly 7%.
3. Now you're trying to say two disagreeing things A.) that yearly is a different story and B.) that you are neglecting the weekly calculation because it's infeasible
4. If you're neglecting the weekly calculation, then why did you come in correcting my yearly percent to weekly?
5. Finally, I specified inputting $100 every month because OP suggested that here
>>24491833

Please work on your reading comprehension.

>>24492990
You would bother because that extra $5282 will be earning you $380.34 per year, which could sustainably feed an adult male. You would also bother if you were going to continue with that investment into old age. Compounding interest doesn't go far until given ample time. See if we do 20 years instead of 10:
100*(1.072^20-1)/(1.072^(1/12)-1)=$51920.88

See the difference?

thanks to everyone for the helpful input it really does help.

>>24493266
so just clear things up would this be
"100*(1.072^20-1)/(1.072^(1/12)-1)=$51920.88"
every month 100$ invested.
with 7% a year for 10 years = $51920.88 total money ?
(sorry to change the goal posts)

>>24493766
Exactly

>>24493816
this is ok if do more overtime at work and invest $100 in interest gaining accounts / exchanges and also put $100 in BTC every month . i think i could have a very reasonable life within 20yrs

>>24494119
I recommend BTC but I will also say instead of going with this chinaman shit, just invest in index funds. Much less risk for likely more than 7.2% per year. There's a reason the entire working class invests in 401k's/IRA's which are invested in the stock market. It's because it has reliable returns over time.

is this blockfi or something?
if you are going to do this use one of the more reputable lending platforms.

>>24494199
ty anon will look at more traditional ways of investing / saving. ETFs in tech / pharma / energy and BTC seem to be a good start for next 5 years.

>>24491386
quite a lot

this must be full of LARPing retards or genuine retards who cannot comprehend what APY stands for. Annual percentage yield
To all you dumbasses, ngmi. Stay poor.

>>24491386

1.07^520 * 100 = 1.9035505e+17

About 190 quadtrillion dollars anon

this thread was a pure waste of braincells